DCF Tool

HELE

Helen of Troy Ltd – Audio and Video Equipment Manufacturing
Helen of Troy Limited is a leading global consumer products company offering creative solutions for its customers through a strong portfolio of well-recognized and widely-trusted brands, including OXO, Hydro Flask, Vicks, Braun, Honeywell, PUR, Hot Tools and Drybar. The Comapny sometimes refers to these brands as its Leadership Brands. All trademarks herein belong to Helen of Troy Limited (or its subsidiaries) and/or are used under license from their respective licensors.
Analysis Results
Intrinsic Value $439.17
Latest Price $181.82
Relative Value 59% undervalued
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Cash Flow (Millions)
Analysis Parameters
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Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 12.7%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 6.5%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 12.7%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (million) Present value (million)
2023 346 325
2024 390 344
2025 439 364
2026 495 385
2027 558 407
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 12600 million. This corresponds to a present value of 8650 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 1820 million. Adding in the terminal value gives a total present value of 10500 million.

There are presently 23.8 million outstanding shares, so the intrinsic value per share is 439.17.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 1,082,080,000
Current Cash 33,381,000
Current Liabilities 602,690,000
Current Debt 1,884,000
Non-Cash Working Capital (NCWC) 447,893,000
Change in NCWC 134,084,000
EBIT 272,930,000
Tax Provision 36,202,000
Depreciation and Amortization 35,829,000
Capital Expenditure -78,039,000
Unlevered Free Cash Flow 326,796,676
Current Assets 971,937,000
Current Cash 45,120,000
Current Liabilities 614,892,000
Current Debt 1,884,000
Non-Cash Working Capital (NCWC) 313,809,000
Change in NCWC -7,548,000
EBIT 290,290,000
Tax Provision 15,484,000
Depreciation and Amortization 37,718,000
Capital Expenditure -98,668,000
Unlevered Free Cash Flow 205,109,186
Current Assets 682,836,000
Current Cash 24,467,000
Current Liabilities 338,896,000
Current Debt 1,884,000
Non-Cash Working Capital (NCWC) 321,357,000
Change in NCWC 38,516,000
EBIT 222,564,000
Tax Provision 13,607,000
Depreciation and Amortization 37,409,000
Capital Expenditure -17,759,000
Unlevered Free Cash Flow 262,479,859
Current Assets 604,859,000
Current Cash 11,871,000
Current Liabilities 312,031,000
Current Debt 1,884,000
Non-Cash Working Capital (NCWC) 282,841,000
Change in NCWC 43,473,000
EBIT 202,965,000
Tax Provision 13,776,000
Depreciation and Amortization 29,927,000
Capital Expenditure -26,385,000
Unlevered Free Cash Flow 235,107,415
Current Assets 555,311,000
Current Cash 20,738,000
Current Liabilities 297,089,000
Current Debt 1,884,000
Non-Cash Working Capital (NCWC) 239,368,000
Change in NCWC -28,660,000
EBIT 186,366,000
Tax Provision 26,556,000
Depreciation and Amortization 33,730,000
Capital Expenditure -13,605,000
Unlevered Free Cash Flow 145,991,067
Current Assets 556,078,000
Current Cash 23,087,000
Current Liabilities 289,367,000
Current Debt 24,404,000
Non-Cash Working Capital (NCWC) 268,028,000
Change in NCWC -33,938,000
EBIT 176,732,000
Tax Provision 9,200,000
Depreciation and Amortization 44,341,000
Capital Expenditure -20,619,000
Unlevered Free Cash Flow 155,668,410
Current Assets 772,724,000
Current Cash 225,800,000
Current Liabilities 268,758,000
Current Debt 23,800,000
Non-Cash Working Capital (NCWC) 301,966,000
Change in NCWC -10,534,000
EBIT 136,615,000
Tax Provision 18,590,000
Depreciation and Amortization 42,749,000
Capital Expenditure -20,603,000
Unlevered Free Cash Flow 127,030,912
Current Assets 564,760,000
Current Cash 12,295,000
Current Liabilities 261,865,000
Current Debt 21,900,000
Non-Cash Working Capital (NCWC) 312,500,000
Change in NCWC -3,089,000
EBIT 170,719,000
Tax Provision 16,050,000
Depreciation and Amortization 39,653,000
Capital Expenditure -6,521,000
Unlevered Free Cash Flow 182,149,368
Current Assets 615,476,000
Current Cash 67,433,000
Current Liabilities 329,354,000
Current Debt 96,900,000
Non-Cash Working Capital (NCWC) 315,589,000
Change in NCWC -12,292,000
EBIT 129,149,000
Tax Provision 20,886,000
Depreciation and Amortization 34,750,000
Capital Expenditure -40,463,000
Unlevered Free Cash Flow 85,966,129
Current Assets 545,205,000
Current Cash 10,659,000
Current Liabilities 308,665,000
Current Debt 102,000,000
Non-Cash Working Capital (NCWC) 327,881,000
Change in NCWC 63,310,000
EBIT 148,773,000
Tax Provision 19,848,000
Depreciation and Amortization 35,328,000
Capital Expenditure -14,688,000
Unlevered Free Cash Flow 210,933,026

This analysis is provided for informational purposes only and does not constitute financial or investing advice. For more information on the advantages and limitations of DCF analysis see background. This information is provided on an "as is" basis. No warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. By using this site you agree that under no circumstances shall Valuation Tools LLC be held liable for any loss or damage caused by information obtained from this website including any articles, data, videos, its social media accounts, or any other materials.